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An EWG analysis finds that federal crop insurance and ARC or PLC programs paid farmers multiple times for the same losses in 2014 and 2015, costing taxpayers about $23.9 billion. The report calls for reform of overlapping subsidy programs.
Overlapping payments support farm incomes and can keep acreage in production, but reform debate does not immediately change supply or prices.
ewg.orgAnne Schechinger, M.S. (EWG) Craig Cox (EWGNov 16, 2017After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
